@Anonymous wrote:
I was under the impression that when shopping around for an auto loan that even though it is multiple inquiries, it will reflect as 1 since you were shopping around for the same thing. However, my score is still being negatively impacted several months later saying i have too many inquiries. Has this changed?? How can i fix this?
Theoretically this is true but in practice it isn't. Nothing you can do about it. This is one of many reasons I always bring my own financing to the dealership via a credit union. If I let them try to beat the rate I only allow them to shoot the app to one lender. Most dealers shot gun apps to 4-7 lenders and every lender runs a report so they add up quickly.
